Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.063%

Price spread now: OKX against Bitget−0.064%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days+0.115%+$12 · spread now −0.064%, 7d avg −0.030%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.034% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PONSUSDT	0.5939	0.0100	pay 0.0050% / 4h	1h 50m	$4.7M	$11.7M	20x
Short	OKX PONS-USDT-SWAP	0.5935	0.0100	get 0.0050% / 4h	1h 50m	$13.5M	$56.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.030%: −$3.37
Slippage, 4 orders: −$36.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$61.48
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.93 bp	12.3 bp −$12	60.7 bp −$607	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.85 bp	13.8 bp −$14	29.9 bp −$299	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0034%	1h	0.5904	−0.583%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.323%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5911	−0.468%	$21K	$441K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5936	−0.047%	$17.7M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0100%	4h	0.5935	−0.064%	$13.5M	$56.2M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5938	−0.010%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDTlong	+0.0100%	4h	0.5939	long leg	$4.7M	$11.7M	20x
Variational Omni PONS	+0.0100%	4h	0.5914	−0.409%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5908	−0.522%	$34K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5919	−0.328%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5916	−0.377%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5915	−0.401%	$27K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5920	−0.313%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5912	−0.451%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5911	−0.467%	$368	—	3x	as long as short
Aster PONSUSDT	+0.0135%	4h	0.5921	−0.303%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0153%	1h	0.5911	−0.468%	$89K	$103K	5x	as long as short
Binance PONSUSDT	+0.0164%	4h	0.5933	−0.094%	$38.6M	$97.8M	20x	as long as short
MEXC PONS_USDT	+0.0164%	4h	0.5934	−0.081%	$7.5M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5919	−0.327%	$106K	$523K	5x	as long as short
BingX PONS-USDT	+0.0174%	4h	0.5932	−0.115%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0192%	4h	0.5904	−0.589%	$21K	$293K	10x	as long as short
Lighter RH PONS	+0.0368%	1h	0.5932	−0.121%	$407K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0405%	4h	0.5917	−0.367%	$1.7M	$975K	20x	as long as short
Polymarket Perps PONS-USD	+0.0448%	1h	0.5911	−0.461%	$37K	$1.8M	3x	as long as short
Pacifica PONS	+0.0451%	1h	0.5935	−0.063%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0618%	1h	0.5936	−0.047%	$59.7M	$29.9M	3x	as long as short
Lighter PONS	+0.0776%	1h	0.5934	−0.083%	$1.7M	$984K	3x	as long as short
Gate PONS_USDT	+0.1044%	4h	0.5922	−0.283%	$5.2M	$6.4M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5917	−0.375%	$30K	$96K	3x	as long as short